Donald Trump

World Liberty Financial

President Donald Trump

Crypto traders are expecting a significant rally for BNB in the coming weeks after US President Donald Trump pardoned Binance founder Changpeng “CZ” Zhao.
Zhao pleaded guilty in November 2023 to one count of failing to implement an adequate&nbsp;Anti-Money Laundering (AML) program at Binance, violating the Bank Secrecy Act.&nbsp;
The price of BNB (<a href="https://cointelegraph.com/binance-coin-price-index" rel="noopener noreferrer nofollow" target="_self">BNB</a>) surged 3.6% to an intraday high of $1,121 just hours after The Wall Street Journal reported that <a href="https://cointelegraph.com/news/trump-pardons-binance-founder-cz" rel="noopener noreferrer nofollow">Trump pardoned</a> Zhao, following months of lobbying and appeals from the company and Zhao.
<figure>
 <img alt="Binance" src="https://s3.cointelegraph.com/uploads/2025-10/019a138c-ba6d-735e-8a51-d4464afd85e9" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/cz_binance/status/1981431186195976386" rel="noopener noreferrer nofollow" target="_blank">Changpeng Zhao</a>
 </figcaption>
</figure>
“Trump just pardoned CZ. Now we resume <a href="https://x.com/search?q=%24BNB&amp;src=cashtag_click" rel="noopener noreferrer nofollow" target="_blank">$BNB</a> up only szn,” crypto trader Xeer <a href="https://x.com/Xeer/status/1981377840039022612" rel="noopener noreferrer nofollow" target="_blank">said</a> in a post on Thursday.
<h2 id="bnb-s-recent-surge-has-sparked-altcoin-season-speculation">BNB’s recent surge has sparked altcoin season speculation</h2>
The rally also extended to World Liberty Financial (WLFI), the native token of Trump’s son’s crypto company, also posted an upward move of almost 14% to $0.1414 since the news was announced, <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow" target="_blank">according</a> to CoinMarketCap.
The price surge has sparked speculation that the enthusiasm could extend to the broader crypto market.&nbsp;
<figure>
 <img alt="Binance" src="https://s3.cointelegraph.com/uploads/2025-10/019a138d-cf10-77b6-9d9f-3cc67922d3e0" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/cryptoknight890/status/1981381928533271007" rel="noopener noreferrer nofollow" target="_blank">Knight</a>
 </figcaption>
</figure>
RR2Capital co-founder Richard Seiler <a href="https://x.com/richardseiler/status/1981383837876682797" rel="noopener noreferrer nofollow" target="_blank">said</a> in an X post after the announcement, “Crypto could do with a catalyst right now…That may very well have been it.”&nbsp;
<h2 id="bnb-has-had-public-treasury-interest-in-recent-times">BNB has had public treasury interest in recent times</h2>
Another crypto trader, Galaxy, <a href="https://x.com/galaxyBTC/status/1981443745376526691" rel="noopener noreferrer nofollow" target="_blank">said</a>, “BNB now, altcoins next?”&nbsp;
Related: <a href="https://cointelegraph.com/news/brian-armstrong-senate-crypto-legislation-genius-act-stablecoin" rel="noopener noreferrer nofollow">Despite gov’t shutdown, crypto market structure bill ‘90% there’ — Coinbase CEO</a>
It comes on the back of BNB being listed on Coinbase and Robinhood earlier this week, and publicly traded companies increasingly accumulating BNB for their treasury holdings.
On Wednesday, shares of biotech firm Applied DNA <a href="https://cointelegraph.com/news/bnb-treasury-applied-dna-cea-industries-holdings" rel="noopener noreferrer nofollow">Sciences jumped over 50%</a> during the trading day, after the company revealed the purchase of 4,908 BNB tokens valued at about $5.3 million.
Magazine:<a href="https://cointelegraph.com/magazine/blackrock-sharplink-gaming-joseph-chalom-bitcoin-ethereum-etfs/" rel="noopener noreferrer nofollow"> Sharplink exec shocked by level of BTC and ETH ETF hodling: Joseph Chalom</a>

Traders see BNB going ‘up only’ after Trump’s CZ pardon

Table of Contents

Cointelegraph

Other articles published on Oct 24, 2025

Join our free newsletter for daily crypto updates!